MONEY MULTIPLIER

Money Multiplier commences Money Multiplication!

Money Multiplier, IIFT’s in house mutual fund started investing in the stock market. The Money Multiplier team comprises of three investment teams having three members each, with each team individually tracking stocks in the three to four sectors allocated to them and two fund managers overseeing the operations. The corpus of funds is made up of investments made by the students. This year, more than a third of the batch contributed to the fund’s corpus. .

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The fund managers called a late night session for the entire batch on 13th February 2008. The agenda for the meeting was to introduce the demat account to those who did not operate one. Demos on how to buy and sell shares and how to operate a demat account otherwise were given. Terms such as limit order, disclosed quantity, trigger price and short selling to name a few were explained to the batch. A brief introduction to technical analysis using candlestick charting was also give to the batch. It culminated with the investment teams making presentations on the stocks they liked in their respective sectors.

Even the foreign exchange students from France attended the session and were highly impressed by the student driven initiatives at IIFT, Delhi. After the meeting they stayed back and discussed the functioning of the mutual fund with the fund managers as they wanted to take back the idea and look at setting up something similar in their college. Just another one of the many examples of how IIFT – School of International Business, New Delhi is setting an example for B-schools all around the world.